Bpifrance and Tikehau Capital-backed ADDEV Materials, a supplier to the aeronautics, space & defence market, agreed to acquire ANDPAK, a provider of custom packaging of chemicals for the aeronautics industry, and Zip-Chem, a surface preparation products manufacturer. Tikehau Capital, Bpifrance and minority investors reinvested €33m to ADDEV Materials to finance the acquisition. “The acquisition of ANDPAK and Zip-Chem is the highpoint of 2019, which has been pivotal for ADDEV Materials’ vision with regard to the aviation industry after the integration of PEXA and PSG in the aviation paint and coatings business in UK, and the construction of a new industrial site dedicated to custom packaging in Toulouse, France," Julien Duvanel, ADDEV Materials' CEO.